Practice Assurance monitoring
This page will give you an overview of how we will monitor your firm as part of the requirements of the Practice Assurance scheme.
Quality Assurance monitoring – updated May 2021
Until 1 September, it might be possible to have an onsite review. You can discuss that with our scheduling team or the reviewer when they call you before the review.
Oversight of our monitoring work: Our monitoring work is supervised by oversight regulators; the Financial Reporting Council (FRC) for audit; the Insolvency Service for insolvency; the Legal Services Board (LSB) for probate; and the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) for AML.
We agree the number of monitoring reviews and the types of firms we need review annually with each oversight regulator.
If you have any questions about your review, please contact QADvisits@icaew.com